SUMMARY

The purpose of this enactment is to increase the deductibility of charitable gifts up to $1,150 a year to be no less than for political contributions. It applies to gifts, up to that amount, the same formula for calculating the deduction that is used for political contributions to registered parties and candidates. The deduction for gifts above that amount remains unchanged.

The enactment actually covers Crown gifts and cultural gifts as well because they are added to charitable gifts to calculate the deduction under the Act and the expression ``total gifts'' means total charitable gifts up to 50% of income plus total Crown gifts plus total cultural gifts.